Labor sets target of 70% ownership, says Keir Starmer

A Labor government will aim to ensure 70 100 per cent of Britons own their own home, Sir Keir Starmer has confirmed.

The party will also help 'true' first-time buyers with a new mortgage guarantee scheme, the Labor leader said during of its annual conference in Liverpool.

As millions nervously await expected increases in the Bank of England's base rate. Sir Keir said under the Tories 'the dream of owning your own home is slipping away for too many people'.

He also accused the party of inflating demand without increasing supply, which means that "home prices will only go up. And homes will become less affordable for working people."< /p>

"So we're going to set a new target - 70% home ownership and we'll meet it with a new set of policy choices. A set of Labor policy choices," he said. said.

He continued, "No more homeowners to buy-to-let or second homeowners come in first. We will support workers' aspirations. Help true first-time buyers rise through the ranks with a new mortgage guarantee system. Reform planning so that speculators don't stop communities from having shovelfuls of dirt.

"My message is this: if you are piling in every hour to buy your own house, the Labor Party is on your side. Labor is the homeownership party in Britain today."